D.E. Shaw & Co Portfolio holdings
D. E. Shaw & Co., L.P., founded in 1988 by David E. Shaw, a former Columbia University computer science professor, is a New York City-based global investment management firm renowned for pioneering quantitative investing, managing over $70 billion in assets as of late 2024. Starting with $28 million from Paloma Partners and private investors, the firm employs sophisticated mathematical models and proprietary algorithms—initially developed by a team of scientists and programmers—to exploit market anomalies across public and private markets, including equities, fixed income, and alternatives. Headquartered above a Greenwich Village bookstore in its early days, it now boasts over 2,500 employees across offices in North America, Europe, and Asia, led by a seven-member Executive Committee since Shaw stepped back in 2001 to focus on D. E. Shaw Research. Despite setbacks like the 1998 Russia debt crisis and the 2008 financial downturn, the firm has maintained a reputation for analytical rigor, risk management, and innovation, balancing its computational roots with discretionary strategies.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$345M |
| 2 |
Biogen
BIIB
|
+$281M |
| 3 |
Bausch Health
BHC
|
+$244M |
| 4 |
SPDR Gold Trust
GLD
|
+$238M |
| 5 |
Coca-Cola
KO
|
+$206M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LyondellBasell Industries
LYB
|
+$397M |
| 2 |
AGN
Allergan Inc
AGN
|
+$374M |
| 3 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$347M |
| 4 |
Microsoft
MSFT
|
+$265M |
| 5 |
IBM
IBM
|
+$251M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 9.69% |
| 2 | Consumer Discretionary | 9.53% |
| 3 | Technology | 9.28% |
| 4 | Healthcare | 8.29% |
| 5 | Financials | 8.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
701
CALL
VF Corp
VFC
$6.68B
| $15.7M | 0.02% |
222,064
| – | – |
|
702
Monster Beverage
MNST
$91.4B
| $15.7M | 0.02% |
681,522
+65,430
| +11% | +$1.37M |
|
703
CALL
Halliburton
HAL
$27.9B
| $15.7M | 0.02% |
356,900
-542,800
| -60% | -$22.6M |
|
704
PUT
Newmont
NEM
$98.2B
| $15.6M | 0.02% |
718,700
-547,900
| -43% | -$12.8M |
|
705
InterDigital
IDCC
$6.68B
| $15.6M | 0.02% |
307,369
-116,826
| -28% | -$6.06M |
|
706
BioCryst Pharmaceuticals
BCRX
$2.37B
| $15.6M | 0.02% |
1,724,137
+53,598
| +3% | +$555K |
|
|
MIK
707
DELISTED
Michaels Stores, Inc
MIK
| $15.5M | 0.02% |
574,550
+427,763
| +291% | +$11.4M |
|
708
NVR
NVR
$17.2B
| $15.4M | 0.02% |
11,627
-800
| -6% | -$1.05M |
|
709
Aflac
AFL
$63.9B
| $15.4M | 0.02% |
482,398
+228,104
| +90% | +$6.96M |
|
710
CALL
McKesson
MCK
$98.5B
| $15.4M | 0.02% |
68,000
-27,300
| -29% | -$6.06M |
|
711
CALL
Markel Group
MKL
$25B
| $15.4M | 0.02% |
20,000
| – | – |
|
712
Alkermes
ALKS
$8.82B
| $15.4M | 0.02% |
252,063
+1,379
| +0.6% | +$94.2K |
|
713
United Therapeutics
UTHR
$26.3B
| $15.4M | 0.02% |
89,099
-161,343
| -64% | -$24.6M |
|
714
PUT
NOV
NOV
$7.45B
| $15.3M | 0.02% |
306,800
+118,100
| +63% | +$6.41M |
|
715
PUT
Cummins
CMI
$91.7B
| $15.3M | 0.02% |
110,500
-184,300
| -63% | -$26M |
|
716
Evertec
EVTC
$1.83B
| $15.3M | 0.02% |
700,538
+133,531
| +24% | +$2.82M |
|
717
ManpowerGroup
MAN
$2.39B
| $15.3M | 0.02% |
177,490
-20,156
| -10% | -$1.54M |
|
718
Tenet Healthcare
THC
$20.1B
| $15.3M | 0.02% |
308,600
-704,097
| -70% | -$32.9M |
|
719
PUT
Alaska Air
ALK
$5.15B
| $15.3M | 0.02% |
230,600
-201,200
| -47% | -$13.1M |
|
|
PDCE
720
DELISTED
PDC Energy, Inc.
PDCE
| $15.2M | 0.02% |
282,168
+222,424
| +372% | +$10.8M |
|
721
Ashland
ASH
$3.04B
| $15.2M | 0.02% |
244,254
-209,432
| -46% | -$12.7M |
|
722
Ares Capital
ARCC
$13.5B
| $15.1M | 0.02% |
880,807
+760,166
| +630% | +$12.7M |
|
723
Teck Resources
TECK
$29.5B
| $15.1M | 0.02% |
1,099,875
-185,220
| -14% | -$2.61M |
|
724
PTC
PTC
$13.7B
| $15.1M | 0.02% |
416,680
-27,068
| -6% | -$934K |
|
725
Chevron
CVX
$388B
| $15M | 0.02% |
143,085
+6,194
| +5% | +$661K |
|
Similar funds
D.E. Shaw & Co's Q1 2015 Portfolio in Review
As of Q1 2015, D.E. Shaw & Co held 4,408 positions worth $65.3B, down 16% from $77.8B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
D.E. Shaw & Co withdrew a net $15B in Q1 2015, closing 828 positions and reducing 1,784 holdings. Its most notable exit was Allergan Inc, an estimated $374M position sold in full.
By sector, the portfolio is most concentrated in Energy at 9.7% of assets, up from 8% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, D.E. Shaw & Co opened a new position in SPDR Gold Trust worth $231M.
- D.E. Shaw & Co's largest Q1 2015 buy was SPDR Gold Trust: 2,033,000 shares worth $231M.
- D.E. Shaw & Co added most to State Street SPDR S&P 500 ETF Trust in Q1 2015, an estimated $345M increase.
- D.E. Shaw & Co's biggest Q1 2015 reduction was LyondellBasell Industries, cutting an estimated $397M.
- D.E. Shaw & Co fully exited Allergan Inc in Q1 2015, selling an estimated $374M.
- D.E. Shaw & Co's ten largest holdings make up 11% of its $65.3B portfolio in Q1 2015.
- D.E. Shaw & Co opened 448 new positions and closed 828 in Q1 2015.
- D.E. Shaw & Co's portfolio value fell 16% quarter-over-quarter to $65.3B.
Based on D.E. Shaw & Co's 13F filing for Q1 2015, filed 15 May 2015.